The Austrian Case for the Free Market..., Dr. William Peterson
The Austrian Case for the Free Market..., Dr. William Peterson
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The Austrian Case for the Free Market Process

Author: Dr. William Peterson

Narrator: Louis Rukeyser

Unabridged: 2 hr 54 min

Format: Digital Audiobook Download

Published: 03/13/2006


Synopsis

Ludwig von Mises (18811973) and Friedrich Hayek (born 1899) were perhaps the foremost defenders of the free market and limited government during the midtwentieth century ascendancy of Keynesian economics. Mises highlighted the problem of economic calculation in nonmarket economics. He saw the price system as the basis of economic calculation, and emphasized the importance of sound money for it to work properly. He denounced the government manipulation of money, and saw government credit expansion as the cause of the economic boom that collapsed in the Great Depression. Mises created an allencompassing theory of economics as a system of human action. Hayek emphasized the role of knowledge in economics, asserting that man cannot acquire the full knowledge that would make mastery of events possible. He advocated a competitive system of privately issued currencies of a superior alternative to government control of the currency. Hayek insisted that capitalism has improved the living conditions of workers, contrary to popular conceptions. Hayek received the Nobel Prize in 1974.

Reviews

This is a great overview of these two great thinkers and champions of liberty. As I was listening it was amazing how many quotes applied to the issues we are currently facing in the US. This audiobook wetted my appetite to continue reading their works.......more

Goodreads review by Sam

A very high level overview of the life and contributions of Mises and Hayek. Enough substance in the compact format to peak the interest for further readings on each.......more

Goodreads review by Gregory

i didn't know anything about Ludwig von Mises before listening to this audio book. Here's a couple of quotes from him which I like - "Everyone carries a part of society on his shoulders. No one is relieved of his share responsibility by others, and no one can find a safe way out for himself if socie......more

Goodreads review by Marcus

If you are looking for a primer to understand Austrian economics, this is a great e-book. I’d suggest, however, to read Economics in One Lesson, then read the Austrian economist's books.......more

Goodreads review by Logan

Excellent overview of Mises’ and Hayek’s view of free market economics, while not sacrificing too much from their theoretical nuance and sophistication.......more